Shelly Group SE, a provider of IoT and smart building solutions based in Sofia, Bulgaria, announced that its Annual General Meeting held today approved the distribution of a gross dividend of EUR 0.13 per share. The dividend, totaling approximately EUR 2.36 million, will be paid in euro within 60 days following the meeting. Shareholders on the register 14 days after the meeting are entitled to receive the dividend.
All agenda items proposed by the Board of Directors were adopted, including the discharge of board members for the past financial year. This approval underscores shareholder confidence in the company's strategic direction and financial performance.
Shelly Group specializes in IoT and smart building solutions for DIY and professional users, offering products that enable remote control, automation, and energy management via smartphones or third-party systems. The company generates revenue from device sales and cloud applications, benefiting from asset-light production through contract manufacturers. With a strong presence in German-speaking countries and representation in over 100 markets, Shelly Group has sales organizations across Europe, the United States, and China.
The dividend announcement reflects Shelly Group's commitment to returning value to shareholders while continuing to expand its global footprint. The company's shares are listed on the Bulgarian Stock Exchange and the regulated market (Prime Standard) of the Frankfurt Stock Exchange (XETRA: SLYG), and are included in the SDAX. For more information, visit the original release on NewMediaWire.
